Opinion: The crypto bear market cycle is expected to reverse by 2026, with Bitcoin potentially bottoming out around $60,000.

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Odaily Planet Daily News: Bernstein analysts expect that the crypto market is currently in a short-term bear cycle but anticipate a reversal in the first half of 2026. Bitcoin is expected to bottom out at the previous cycle high of around $60,000 and then establish a higher price bottom. Bernstein pointed out that the past two years have been an institutional cycle for Bitcoin, with spot Bitcoin ETF asset management reaching approximately $165 billion. Despite recent market adjustments, institutional participation remains resilient, and there has been no collapse of miner leverage as seen in previous cycles. Additionally, the establishment of the US strategic Bitcoin reserve and potential leadership changes at the Federal Reserve could position Bitcoin as a national sovereignty or reserve asset. Bernstein believes that the current weakness is a late-cycle correction rather than a long-term winter, and the reversal in 2026 will lay the foundation for Bitcoin’s most influential cycle.

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